Mississippi Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project

• Category: Construction - Contractors
• State: Multi-State
• Control #: US-0056BG
• Format: Word; Rich Text

Description

A Construction Management Agreement is a contract drafted and signed by a construction foreman and the property owner. It allows each to establish roles and responsibilities, deadlines, wages and the project specifics. The Mississippi Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project is a legally binding document that outlines the terms, conditions, and responsibilities of both parties involved in a construction project. It serves as a guide for the construction manager in providing their services and overseeing the project, while protecting the interests of the owner. This agreement is crucial for ensuring a smooth and successful construction process and minimizing any potential disputes or misunderstandings. Keywords: Mississippi, agreement, owner, construction manager, services, overseeing, construction project. There are different types of Mississippi Agreements between Owner and Construction Manager for Services in Overseeing a Construction Project, each tailored to meet specific project requirements. Some common types of agreements include: 1. Lump Sum Agreement: This type of agreement establishes a fixed or lump-sum fee to be paid to the construction manager for overseeing the project. The agreement specifies the scope of work, timelines, and deliverables, along with the compensation terms. 2. Cost Plus Fee Agreement: In this agreement, the construction manager is reimbursed for the actual costs incurred during the project, including labor, materials, equipment, and overhead expenses. Additionally, they receive a predetermined fee or percentage of the total cost, as specified in the agreement. 3. Guaranteed Maximum Price (GMP) Agreement: A GMP agreement sets a maximum price that the owner will pay for the construction project. The construction manager is responsible for completing the project within the agreed budget, while ensuring the quality and timely completion of the project. 4. Unit Price Agreement: This agreement is based on a predetermined unit price for specific elements of the construction project, such as square footage of construction or the number of units to be built. The construction manager is compensated based on the actual units completed or materials used, multiplied by the agreed-upon unit prices. 5. Design-Build Agreement: In a design-build agreement, the construction manager takes on additional responsibilities, including the design phase of the project. The agreement stipulates that the construction manager will oversee both the design and construction aspects, providing a seamless and integrated approach. It is essential for both parties to carefully review and comprehend the terms and provisions of the Mississippi Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project before signing. Seeking legal advice is recommended to ensure that all legal obligations and requirements are met, and to safeguard the interests of both parties involved.

The Mississippi Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project is a legally binding document that outlines the terms, conditions, and responsibilities of both parties involved in a construction project. It serves as a guide for the construction manager in providing their services and overseeing the project, while protecting the interests of the owner. This agreement is crucial for ensuring a smooth and successful construction process and minimizing any potential disputes or misunderstandings. Keywords: Mississippi, agreement, owner, construction manager, services, overseeing, construction project. There are different types of Mississippi Agreements between Owner and Construction Manager for Services in Overseeing a Construction Project, each tailored to meet specific project requirements. Some common types of agreements include: 1. Lump Sum Agreement: This type of agreement establishes a fixed or lump-sum fee to be paid to the construction manager for overseeing the project. The agreement specifies the scope of work, timelines, and deliverables, along with the compensation terms. 2. Cost Plus Fee Agreement: In this agreement, the construction manager is reimbursed for the actual costs incurred during the project, including labor, materials, equipment, and overhead expenses. Additionally, they receive a predetermined fee or percentage of the total cost, as specified in the agreement. 3. Guaranteed Maximum Price (GMP) Agreement: A GMP agreement sets a maximum price that the owner will pay for the construction project. The construction manager is responsible for completing the project within the agreed budget, while ensuring the quality and timely completion of the project. 4. Unit Price Agreement: This agreement is based on a predetermined unit price for specific elements of the construction project, such as square footage of construction or the number of units to be built. The construction manager is compensated based on the actual units completed or materials used, multiplied by the agreed-upon unit prices. 5. Design-Build Agreement: In a design-build agreement, the construction manager takes on additional responsibilities, including the design phase of the project. The agreement stipulates that the construction manager will oversee both the design and construction aspects, providing a seamless and integrated approach. It is essential for both parties to carefully review and comprehend the terms and provisions of the Mississippi Agreement between Owner and Construction Manager for Services in Overseeing a Construction Project before signing. Seeking legal advice is recommended to ensure that all legal obligations and requirements are met, and to safeguard the interests of both parties involved.